All categories

3 years ago

What is the compound interest of $1000 at 12%compounded monthlyfor 2 years

Mathematics

2 answers:

galina1969 [7]3 years ago

8 0

Answer:

1254.4

Step-by-step explanation:

nevsk [136]3 years ago

8 0

Answer:

The amount is $1269.74 and the interest is $269.74.

Step-by-step explanation:

STEP 1: To find amount we use formula:

AAAA=1000(1+0.1212)12⋅2=1000⋅1.0124=1000⋅1.269735=1269.74

STEP 2: To find interest we use formula A=P+I, since A=1269.74 and P = 1000 we have:

A1269.74II=P+I=1000+I=1269.74−1000=269.74

You might be interested in

Use the drawing tool(s) to form the correct answer on the provided graph. Graph the solution to this system of inequalities in t

Leya [2.2K]

The solution to the system of inequalities is (-3.375, 1.75)

<h3>How to graph the inequalities?</h3>

The system of inequalities is given as:

3y > 2x+12

2x+y < -5

Next, we plot the graph of the system using a graphing tool

From the graph, both inequalities intersect at

(-3.375, 1.75)

Hence, the solution to the system of inequalities is (-3.375, 1.75)

Read more about system of inequalities at:

brainly.com/question/19526736

#SPJ1

8 0

2 years ago

HELPPPPPPPPPPPPPPPPPPPPPPPPPPPPPPP

Vilka [71]

Question 29 is A 2 and 30 is C 3

5 0

3 years ago

Read 2 more answers

Choose an equation for the relationship between the measures of the segments, angles, and arcs.

VLD [36.1K]

I think it is the first one

8 0

3 years ago

Read 2 more answers

A shipment of 50 inexpensive digital watches, including 10 that are defective, is sent to a department store. The receiving de

ddd [48]

Answer: 0.8926

Step-by-step explanation:

Given : A shipment of 50 inexpensive digital watches, including 10 that are defective.

The probability that a digital watch is defective $: p=\dfrac{10}{50}=0.2$

Sample size : n=10

Also, they reject the whole shipment if 1 or more in the sample are found defective.

Using the binomial probability formula :

$P(x)=^nC_xp^x(1-p)^{n-x}$

Let x be the random variable that represents the number of defective watches.

The probability that the shipment will be rejected :-

$P(x\geq1)=1-P(0)\\\\=1-^{10}C_0(0.2)^0(0.8)^{10}\\\\=1-(0.8)^{10}=0.8926258176\approx0.8926$

Hence, the probability that the shipment will be rejected = 0.8926

6 0

3 years ago

Chicago, Illinois, has a longitude of 88 degrees W and a latitude of 42 degrees N. Indianapolis, Indiana, is located at 86 degre

Mashcka [7]

See the attached picture:

6 0

3 years ago

What is the compound interest of $1000 at 12%compounded monthlyfor 2 years​

What is the compound interest of $1000 at 12%compounded monthlyfor 2 years